INVESTOR SPECIAL – TWO-FAMILY BRICK FLAT FOR SALE!
Don’t miss this incredible opportunity to finish and profit from this spacious two-unit brick multifamily property! This solid investment property features:2 Units, 2 Bedrooms / 1 Bathroom Per Unit, Brick Construction, Hardwood Floors, Major Renovations Already Started. Recent improvements include: New Electrical Work, New Plumbing Updates, HVAC Installation Started, Drywall Replacement in Several Areas,Flooring Improvements Completed. A significant amount of work and money has already been invested, allowing the next owner to complete the renovation and maximize returns. Perfect for a buy-and-hold investor, house hacker, or fix-and-flip opportunity. Motivated Seller – Distressed Situation Creates Opportunity!
Whether you’re looking to generate rental income or build equity through renovation, this property offers tremendous upside potential. A must see, Opportunities like this don’t last long!
For sale
$150,000
338 Richter St, River Rouge, MI 48218
4beds
1,728sqft
Multi Family
Built in 1929
-- sqft lot
$147,400 Zestimate®
$87/sqft
$-- HOA
What's special
- 18 days |
- 161 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Kelly Wilson 313-694-3999,
Harvest Homes Realty 313-694-3999
Source: Realcomp II,MLS#: 20261042628
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas, Separate Meters
Features
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,728 sqft
- Finished area above ground: 1,728
Property
Features
- Levels: Three
- Stories: 3
- Pool features: None
Lot
- Size: 4,791 Square Feet
- Dimensions: 49 x 100
Details
- Parcel number: 50005060095300
- Zoning description: MultiFamily, Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Upper Lower Apartment
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Poured
Condition
- New construction: No
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer, Sewer At Street
- Water: Public, Waterat Street
Community & HOA
Community
- Subdivision: HOODS SUB
Location
- Region: River Rouge
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $35,500
- Annual tax amount: $3,462
- Date on market: 6/8/2026
- Cumulative days on market: 19 days
- Listing agreement: Exclusive Agency
- Listing terms: Cash
Estimated market value
$147,400
$140,000 - $155,000
$1,165/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Listed for sale | $150,000+134.4%$87/sqft |
Source:  Realcomp II #20261042628 Report a problem | ||
| 5/13/2025 | Sold | $64,000$37/sqft |
Source: Realcomp II #20250022578 Report a problem | ||
| 5/3/2025 | Pending sale | $64,000$37/sqft |
Source: Realcomp II #20250022578 Report a problem | ||
| 4/24/2025 | Price change | $64,000-1.5%$37/sqft |
Source: Realcomp II #20250022578 Report a problem | ||
| 4/3/2025 | Listed for sale | $65,000+584.2%$38/sqft |
Source: Realcomp II #20250022578 Report a problem | ||
| 7/31/2009 | Sold | $9,500-50%$5/sqft |
Source:  MiRealSource #18658 Report a problem | ||
| 6/20/2009 | Listed for sale | $19,000-61.2%$11/sqft |
Source: Endres Inc. DBA RE/MAX Properties, Inc. #1065775 Report a problem | ||
| 3/24/2008 | Sold | $49,000-2%$28/sqft |
Source: Public Record Report a problem | ||
| 5/18/2004 | Sold | $50,000$29/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $29,900 +30% |
| 2024 | -- | $23,000 +29.9% |
| 2023 | -- | $17,700 +19.6% |
| 2022 | -- | $14,800 +18.4% |
| 2021 | -- | $12,500 |
| 2020 | $2,919 +160.9% | $12,500 +12.6% |
| 2019 | $1,119 | $11,100 +2.8% |
| 2018 | $1,119 | $10,800 -1.8% |
| 2017 | -- | $11,000 -0.9% |
| 2016 | $3,319 | $11,100 -15.9% |
| 2015 | $3,319 -9.3% | $13,200 -64.8% |
| 2013 | $3,660 +10.3% | $37,500 +0.3% |
| 2012 | $3,319 | $37,400 -14.4% |
| 2010 | -- | $43,700 -3.3% |
| 2009 | -- | $45,200 -0.9% |
| 2008 | -- | $45,600 -2.4% |
| 2007 | -- | $46,700 +12.3% |
| 2005 | $2,437 | $41,600 +5.9% |
| 2003 | -- | $39,300 +82.7% |
| 2001 | $1,799 +18.3% | $21,507 +3.2% |
| 2000 | $1,521 | $20,841 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 48218
Nearby schools
GreatSchools rating
- 2/10Ann Visger K-5 Preparatory AcademyGrades: PK-5Distance: 0.3 mi
- 3/10Cb Sabbath 6-8 Preparatory AcademyGrades: 6-8Distance: 0.9 mi
- 4/10River Rouge High SchoolGrades: 9-12Distance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Michigan
- Wayne County
- River Rouge
- 48218
- 338 Richter St
Nearby cities
Nearby zip codes
Other River Rouge Topics
